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EXIN Management of Risk Foundation Sample Questions:

1. What is a threat?

A) An event that has occurred resulting in a favourable impact on objectives
B) An event that has occurred resulting in a negative impact on objectives
C) An uncertain event that could have a favourable impact on objectives
D) An uncertain event that could have a negative impact on objectives

2. What provides a comparison of completed risk response actions with planned outcomes?

A) Risk management strategy
B) Risk progress report
C) Risk response plan
D) Risk improvement plan

3. Which is a responsibility of the M_o_R manager role?

A) Defines how much risk should be taken
B) Ensures a risk review process is in operation
C) Prepares risk workshop materials
D) Define risk tolerance thresholds

4. Which is NOT a method for obtaining senior management commitment and support for understanding and managing risk?

A) Undertaking qualitative and quantitative assessment of risks
B) Communicating risk management successes
C) Having a board-level sponsor defined and communicated to all staff
D) Having risk delivery linked to performance objectives

5. Which is used to review how well an organization has embedded M_o_R?

A) Risk management health check
B) Risk improvement plan
C) Monetary benefit measurement
D) Early warning indicators

Solutions: